All posts tagged Coldwell Banker

This four-bedroom, two-bathroom home in Malibu is listed for $2.3 million.

With the tech industry booming and real-estate values rising, Northern California has lately had the upper hand in the long-running feud between Northern California and Southern California. So here’s some good news for (select) homeowners in Southern California: Los Angeles and Orange Counties have the nation’s two most expensive real-estate markets, beating out Northern California.

The nation’s most expensive real estate market in 2013 was Malibu, Calif., with an average listing of $2.15 million, according to a Coldwell Banker ranking of the nation’s priciest markets. Newport Beach, in Orange County, was second, while the rest of the top five were in Northern California (Saratoga, Los Gatos and San Francisco, respectively).

Coldwell Banker’s ranking is a bit unorthodox. The real-estate brokerage only looks at homes with four bedrooms and two bathrooms, which makes it easier to compare markets. Read More »

A 28,700-square-foot home in Vero Beach, Fla., has gone back on the market for $19.9 million, an 11.5% price cut.

Known as Palazzo di Mare, the six-bedroom, 10-bathroom home sits on 5 oceanfront acres in Vero Beach, a quiet, affluent community two-and-a-half hours north of Miami.

Built in 2001, the house was inspired by “The Great Gatsby,” according to listing agent William P.D. Pierce of Coldwell Banker Residential Real Estate, and has 32-foot ceilings, a polished limestone fireplace, a stained-glass bar, a sound-proofed movie theater, a wood-beamed library and a 14-car garage. There’s also a solarium, sky deck, guest house, two elevators, and a swimming pool with 14-carat gold inlays. The house is fronted by 205 feet of private beach. Read More »

Baz Luhrmann’s long-awaited rendition of “The Great Gatsby” opens in theaters Friday. The story takes place in the 1920s on the North Shore of Long Island—known to Jay Gatsby as West Egg and East Egg, and better yet as Long Island’s affluent Gold Coast.

In this week’s Mansion section, we looked at the real-estate market in Long Island and four other “gold coast” areas in the U.S. In addition, Developments used data from Trulia to show the cost of buying homes in Zip Codes along those coasts (see related chart), and chose three listings that meet the “gold” standard. Read More »

Chicago has been known more for its deep-dish pizza than luxury real estate, but the return of high-rise development is bolstering the city’s luxury market, according to Coldwell Banker’s luxury real-estate report released Wednesday.

Sales of luxury homes, particularly those over $5 million, rose last year in Chicago, including a record-breaking $15 million penthouse sale at Park Tower at 800 North Michigan Ave. “That’s $1,900 per square foot—that’s Manhattan prices,” says Craig Hogan, managing broker and director of Coldwell Banker’s Previews Luxury division for Chicago. Read More »

The CEO of a real-estate company says a housing summit would give President Barack Obama ’real-time market feedback.’

The head of a major U.S. real-estate company is calling on the White House told hold a “housing summit” to address some of the major hurdles holding back the housing market.

Such an event would give “the benefit of unfiltered, real-time market feedback,” Realogy Corp. Chief Executive Richard Smith wrote in a letter sent Friday to President Barack Obama. Realogy owns major brokerages Century 21 and Coldwell Banker, among others. Mr. Smith said the summit should bring together top business leaders from the real-estate, housing-finance and home-building industries. Those groups have been pushing for Washington to relax proposed rules around mortgage securitization and to extend high-cost loan limits set to expire at the end of September.

“Now that the debt ceiling is behind the administration, behind Congress, they need to be focused on housing,” said Mr. Smith. Read More »